NEW YORK — Kmart Corp.’s exit from Chapter 11 Tuesday proved it can clean up its balance sheet, but the rebuilding of a retail franchise may take more time.
Even after the completion of its 16-month tour of duty in bankruptcy court, many remained unconvinced that the Troy, Mich.-based discounter, now 600 units lighter than in January 2002, can gain a permanent foothold. Doubts center on its lack of a solid focus or market niche. Many believe the retailer is exiting bankruptcy too soon, before it has had a chance to fully fix the problems that led to its filing.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"